Hub Race
Aug 15, 2008 (LBO) - Sri Lanka's hub port of Colombo is facing growing competition from other harbours in the region which are being built up to grab a bigger …
Budget
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Sri Lanka top chamber says budget commitments good, but implementation is key
Nov 09, 2007 (LBO) – Sri Lanka's most powerful business chamber welcomed a government commitment to lower the budget deficit next year, but said …
Sri Lanka new tax proposal summary
Here are some of the key government revenue proposals presented in the 2008 budget: - Tax Reliefs for new investments in the Eastern Province - The following …
Sri Lanka taxes hit drinkers, smokers and drivers
Nov 08, 2007 (LBO) - Sri Lanka's cash strapped government is taxing booze, smokes and cars again to boost government revenues and finance subsidies, the 2008 …
Sri Lanka to have single digit inflation and 7 to 7.5-pct growth in 2008: CB
Nov 08, 2007 (LBO) – Sri Lanka's Central Bank has once again promised to bring inflation now raging near 20 percent to single-digits in 2008, while …
Severe Sri Lanka state cash crunch revealed
Nov 08, 2007 (LBO) – Though budget numbers tabled in Sri Lanka's parliament suggested that no money had been printed in 2007, other documents showed a …
Sri Lankan exporters welcome incentives, criticise lost tax breaks
Nov 08, 2007 (LBO) – Sri Lankan exporters Thursday welcomed incentives in the government's 2008 budget but warned reduced tax holidays and higher …
Sri Lankan earnings from abroad to be tax free
Nov 07, 2007 (LBO) – Incomes earned abroad by Sri Lankans including dividends and interest earned abroad that is remitted through the banking sector …
Sri Lanka budgets 7-pct deficit for 2008
Nov 07, 2007 (LBO) – Sri Lanka says the budget deficit for 2008 would be 7.0 percent of the economy and the country was hoping to balance its revenues …
Sri Lanka to limit tax holidays – Update II
Nov 07, 2007 (LBO) – Sri Lanka would cap tax holidays to a maximum of three years from 2008, and extend tax incentives only to low income housing and …
Sri Lanka talks growth-inflation tightrope
Nov 07, 2007 (LBO) – Central Bank governor Ajith Nivard Cabraal said that tight monetary policy and efforts to reduce the budget deficit should trim …
Sri Lanka seeks budget balance between subsidies and development
Nov 07, 2007 (LBO) - Sri Lanka is seeking a balance between subsidies and development in a budget for 2008 to be presented today, as officials said planned …
Sri Lanka leader says terrorism must be defeated to achieve peace
Nov 07, 2007 (LBO) – Sri Lankan President Mahinda Rajapakse said Wednesday that Tamil Tiger separatist terrorism has to be defeated in order to achieve …
Sri Lankan ship owners win tax relief in budget
Nov 07, 2007 (LBO) – Sri Lanka ship owners won a tax concession in the government's budget for 2008 presented in parliament Wednesday by president and …
Sri Lanka government moves into shop keeping
Nov 07, 2007 (LBO) – Sri Lanka's government which has been unable to provide adequate public goods such as roads, power or water to its people for …
Sri Lanka to lower fuel prices by taxing other goods
Nov 07, 2007 (LBO) – Sri Lankan President Mahinda Rajapaksa said Wednesday that fuel prices will be maintained at current levels "temporarily" and …
Sri Lanka slaps tax on wireless fixed phones
Nov 07, 2007 (LBO) – The Sri Lankan government Wednesday said it would extend a 10 percent tax on mobile phones to wireless CDMA phones in an effort to …
Sri Lankan independent media slams budget photo ‘censorship’
Nov 07, 2007 (LBO) – Sri Lankan media groups Wednesday condemned government restrictions on private media covering the 2008 budget speech by President …
India software exports head for 60-billion-dollar mark
BANGALORE, India, July 2, 2007 (AFP) - India's exports of software and related services are expected to almost double in three years to 60 billion dollars, …
Bankers’ fear that deemed dividend tax may hurt capital of Sri Lankan banks
Nov 21 (LBO) - A controversial tax to force Sri Lankan companies to pay dividends would undermine the health of the commercial banks by depleting their …